Research has shown that leading companies today employ extensive use of procurement technology for purposes of driving high performance. Procurement masters do this in the following ways:

Provide heavy support to their source-to-pay process via a complete suite of integrated technology modules.

Achieve “one version of the truth” through the harmonization of master data across systems and consistent maintenance procedures.

Have access to highly visible data so as to enable full reporting.

Boast a full portfolio of supplier integration technology.

Today’s procurement masters therefore enjoy significant payoffs, delivering 2.5 times more value for every dollar spent in procurement, in comparison to average performers. But what lies ahead with regards to procurement technology benefits of the future? Take a look.

Innovative Technology

With the economy still in recovery, business focus has shifted to technology that is easy to deploy and which delivers a quick and tangible ROI. Granted, technology today typically focuses on the manufacturing element of the enterprise, which is where the money is made. Nevertheless, procurement remains at the heart of every organization; therefore innovation in technology can help boost procurement engagement ultimately leading to a reduction in costs and increase in savings.

Increased Connectivity

Procurement managers of the future will increasingly need to adapt to the convergence of work and play. Consumer-style expectations will persist in their migration into the workplace with access via the traditional PC/ browser-based platforms being superseded by apps. Procurement technology applications will shift their focus to engagement and usability so as to drive efficient processes and fantastic compliance. Additionally, as with the internet, technology is set to become even more connected over time.

Intelligent, Multi-Dimensional Data

Business procurement is set to resemble consumer procurement platforms such as eBay and Amazon. This will be achieved through technology that is more intelligent and which utilizes multiple dimensions of data to steer spending behavior towards the most attractive deals. In this way, procurement managers will be able to make purchasing decisions that are quick and better informed.

An efficient and integrated technology foundation is critical for achieving such results for the business of the future. This will also require thought leadership in procurement and sourcing, specialized skills for SAP procurement and global client experience to assist an organization in the maintenance of a reliable, high quality supply base while reducing costs. It is such a foundation that will provide your business with a procurement technology framework that will power high performance for years to come.

MyVideoTalk is an increasingly popular online tool that helps people make full use of the latest video technology. There are several MyVideoTalk technologies that attract leads. The most popular ones have been listed here:

MyVideo Designer:

This online application is there to help you design personalized emails. Long, traditional, monotonous emails that speak about products can be very plain an unappealing! However, you can reform them completely and design it using color combinations, logos, pictures, and banners. They’ll definitely attract your customers. This is one of the most sophisticated and helpful MyVideoTalk technologies that you can use. You can also use it as party invitations for commercial or personal meetings and for public demonstration.

MyVideo Channel:

Another one of these MyVideoTalk technologies application can easily be compared to YouTube. MyVideo Channel is a powerful communication platform that helps you stay in touch with your relatives via exchanging video clips and footage. You can upload video clips and express yourself in front of the entire world. It’ll benefit you professionally as well as personally. This is how people can instantly put a face with a voice.

MyVideo Presentation:

This is one of the most commercially oriented MyVideoTalk technologies. It helps the business owners to showcase products using video clips in an interactive manner. You can use this technology to share your data, graphical representations, and PowerPoint presentations. These online presentations can be uploaded or downloaded within a matter of seconds.

MyVideo Broadcaster:

MyVideo Broadcaster is probably the simplest of all the MyVideoTalk technologies. It helps you in organizing live presentations and meetings. Most corporate style organizations already use this feature in organizing group discussions and for product demonstrations. This feature will greatly cut down your traveling expenses and related charges on arranging meetings every time. The companies generally use this application for launching their new products in the market.

MyVideoTalk Opportunity

You may be wondering how you can let others know about the wonderful MyVideoTalk technologies that are out there while capitalizing on your efforts. You need to learn how to properly market online. If you’re sick and tired of not seeing the results from the business side of the house, then I invite you to check out the resource box now!